· Partnerships & M&A· 日本語で読む
UBTECH and MetaX to Develop Chips for Robots Through Joint Venture
BigGo Finance reported that UBTECH and MetaX signed a strategic cooperation agreement in Nanjing on June 11 and established a joint venture.
What happened
According to BigGo Finance, the new company is Xixuan Chuangzhi Technology (Wuxi) Co., Ltd., with registered capital of 100 million yuan. MetaX and UBTECH each hold a 35.01% stake, while Fenglong Co. holds 4.7%.
Sources
Translated from the Japanese original: /news/ubtech-to-metax-shingaisha-wo-setsuritsu-gu-mi-chinou-ejjich-5681cf. The Japanese version is authoritative if they differ.